Renzo plans to open the first season airdrop claim on May 2, distributing 5% of the total token supply
ChainCatcher message, the Ethereum re-staking protocol Renzo will begin its decentralization process on April 30, 2024, marked by the launch of its native token REZ. The first season incentive event for Renzo will end on April 26, and users who sell their ezETH holdings before this date may not be eligible for the airdrop. Users can claim REZ on May 2 through the official claiming website.It is reported that Renzo will linearly distribute 500 million REZ (accounting for 5% of the total supply) based on the user's accumulated ezPoints. Addresses in the top 5% will have 50% of the tokens unlocked immediately at TGE, with the remaining portion released over 6 months. Additionally, 2% of the first season's 5% airdrop (i.e., 0.1% of the total token supply) has been allocated to the following NFT communities: Milady Maker and SchizoPosters. The second season reward event will begin immediately on April 26, 2024.According to Renzo's token economic model, the maximum supply of REZ is 10 billion tokens, with an initial circulating supply of 1.05 billion tokens (10.5% of the maximum supply). Of this, 31.56% is allocated to investors, 30% to the community (of which 5% is allocated to the first season of the ezPoints event, and the remaining allocation will be used for the second season and various community activities), 20% to core contributors and advisors, 13.44% to the foundation, 2.5% to Binance Launchpool, and 2.5% for liquidity.